Know The Reason Why Filipcoin Need A Decentralized Exchange And Other Features Of Blockchain
Would you like to hear about Filip? Filip is committed to the introduction of a reliable purchase system under the blockchain technology of ethereum. It utilizes a value of system standard protocol to achieve the moving of payment on peer to peer basis and create a decentralized system assisting the service current economic climate applications that are highly versatile in terms of version, convenience, consistency, security and allows the development of partnerships. Impressive technology, extensive governance structure and motherboard applications leverage Filip over existing cryptocurrencies.
The FILIPCOIN is creating a blockchain ecosystem for decentralized applications (DApps) with decentralized exchange (DEX) in the payment service economy sector. Unlike other projects in the cryptocurrency world, FILIPCOIN holders already gain automatic access to a developed and fully functional application for Transportation Industry, with additional uses and benefits in the pipeline.
About Decentralized exchanges
Decentralized exchanges (DEX) are a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
Why FilipCoin Need a decentralized exchange?
Each financial instrument is subject to the speed of transfer. Speed of transfer is the time taken by each financial instrument to exchange hands from the owner to Nth owner. Speed of transfer is limited of different Financial instrument is different. (i.e. Time taken by a simple cash purchase transaction is not the same time that has been taken for a transfer of the real estate. ). The decentralized exchange standardizes the speed of transaction across all financial instrument thereby reducing loss due to speed of transfer. One of the main function of exchanges is fair price determination between two financial instruments. In a centralized exchange, the price determination mechanism is a BlackBox raising an ethical question over price. Keeping the entire exchange function over blockchain would ensure transparency in the entire system. Besides Decentralized exchanges reduce the risk of theft from the hacking of exchanges. Decentralized exchanges can also prevent price manipulation or faked trading volume through wash trading, and are more anonymous than exchanges that implement know their customer requirements. It can still have centralized components, whereby some control of the exchange is still in the hands of a central authority.
Advantages of Filipcoin ecosystem
The advantages of the greatest ecosystem are:
Flexibility – An independent approach that is customer-driven, providing freedom over transactions.
Collaborativeness -- This can either be in the form of expert advisory services, finding partners, or even assistance with securing additional external funding, such as with venture capitalists.
Supportive -- The Blockchain community will have a fair distribution of coin supply bonus on every single participative development. Auditable financial transactions for all projects provides the foundation for a collaborative community capable of making important economic decisions.
Exclusive – Members, based on their contributions, can automatically gain benefits during ICO offerings.
Prospective -- Community members will enjoy benefits such as access to the community portal which consists of a wide range of modules to collaborate, vote, and view the status of their accounts and projects.
Safety -- Our integrity-based projects are the foundation for the sustainability and profitability of the ecosystem.
Under the FILIP blockchain, all transactions paid through FILIPCOINS and other tokens and cryptocurrencies will facilitate the FILIPCOIN circulation. With its usefulness and multiple applications, long-term FILIP ‘holders’ will soon be owning a legacy coin that can be used from one generation to another as FILIP continues to provide a more accessible financial technology while advocating a better quality of life. So, join and explore the amazing features of FilipCoin.
For more information on Filipcoin visit :
Website : https://filipcoin.com/
Facebook : https://www.facebook.com/filipcoinfilip/
Twitter : https://twitter.com/filipcoin
Whitepaper : https://filipcoin.com/static/media/whitepaper.b53415d7.pdf
Telegram : https://t.me/filipcoinfilip
Author :
Bitcointalk Username : ahabite
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2620198
ETH Address: 0xBfd9e86cc70Fd032Da8a125c79e2982C4839e76e